Reservoir Capital (XCNQ:REO) Momentum Rank : 1 (As of May. 04, 2024)

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What is Reservoir Capital Momentum Rank?

Reservoir Capital has the Momentum Rank of 1.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Reservoir Capital's Momentum Rank

For the Asset Management subindustry, Reservoir Capital's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reservoir Capital's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Reservoir Capital's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Reservoir Capital's Momentum Rank falls into.

Reservoir Capital Momentum Rank Related Terms

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Reservoir Capital (XCNQ:REO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Reservoir Capital Corp (XCNQ:REO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.reservoircapitalcorp.com

Reservoir Capital Corp is a clean power investment vehicle concentrating on operational power projects located in emerging markets. The company's investment policy is to take carefully selected minority economic interests in key geographies, target regular dividend income over long periods, and offer capital gains in medium term. The company's acquisition plan is to approach owners of privately-held quality clean energy assets and to offer their investors diversification, liquidity, and exposure to growing balanced portfolio of assets following a disciplined investment policy.

Reservoir Capital (XCNQ:REO) Headlines

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